FIKQX vs. PDBAX
Compare and contrast key facts about Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) and PGIM Total Return Bond Fund (PDBAX).
FIKQX is managed by Fidelity. It was launched on Oct 2, 2018. PDBAX is managed by PGIM Investments. It was launched on Jan 10, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIKQX or PDBAX.
Correlation
The correlation between FIKQX and PDBAX is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FIKQX vs. PDBAX - Performance Comparison
Key characteristics
FIKQX:
0.90
PDBAX:
1.10
FIKQX:
1.35
PDBAX:
1.59
FIKQX:
1.16
PDBAX:
1.19
FIKQX:
0.35
PDBAX:
0.44
FIKQX:
2.34
PDBAX:
3.00
FIKQX:
2.08%
PDBAX:
1.87%
FIKQX:
5.37%
PDBAX:
5.10%
FIKQX:
-19.94%
PDBAX:
-20.62%
FIKQX:
-8.08%
PDBAX:
-6.71%
Returns By Period
The year-to-date returns for both investments are quite close, with FIKQX having a 1.33% return and PDBAX slightly higher at 1.39%.
FIKQX
1.33%
1.47%
-0.71%
5.17%
-0.26%
N/A
PDBAX
1.39%
1.39%
-0.19%
5.88%
-0.51%
1.43%
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FIKQX vs. PDBAX - Expense Ratio Comparison
FIKQX has a 0.36% expense ratio, which is lower than PDBAX's 0.76% expense ratio.
Risk-Adjusted Performance
FIKQX vs. PDBAX — Risk-Adjusted Performance Rank
FIKQX
PDBAX
FIKQX vs. PDBAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) and PGIM Total Return Bond Fund (PDBAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FIKQX vs. PDBAX - Dividend Comparison
FIKQX's dividend yield for the trailing twelve months is around 4.04%, less than PDBAX's 4.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKQX Fidelity Advisor Investment Grade Bond Fund Class Z | 4.04% | 4.08% | 3.64% | 2.75% | 1.66% | 1.94% | 2.84% | 1.07% | 0.00% | 0.00% | 0.00% | 0.00% |
PDBAX PGIM Total Return Bond Fund | 4.44% | 4.50% | 4.32% | 4.83% | 2.69% | 2.69% | 3.34% | 3.75% | 2.63% | 2.60% | 2.93% | 3.33% |
Drawdowns
FIKQX vs. PDBAX - Drawdown Comparison
The maximum FIKQX drawdown since its inception was -19.94%, roughly equal to the maximum PDBAX drawdown of -20.62%. Use the drawdown chart below to compare losses from any high point for FIKQX and PDBAX. For additional features, visit the drawdowns tool.
Volatility
FIKQX vs. PDBAX - Volatility Comparison
Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) and PGIM Total Return Bond Fund (PDBAX) have volatilities of 1.45% and 1.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.